145-2-53 Cost of living adjustment.

 

 

 

145-2-53                      Cost of living adjustment.

 

 

 

(A)A benefit recipient who has received an allowance for at least twelve months shall have such allowance increased pursuant to section 145.323 of the Revised Code and as provided in this rule on the annual anniversary of the recipient's effective benefit date.

 

(B)A new benefit base upon which a cost of living adjustment shall be calculated shall be established when:

 

(1)A post retirement increase is granted, other than either a cost of living adjustment or a payment representing reimbursement of premium for medicare part "B".

 

(2)A retirant receiving under plan A or C dies and the surviving beneficiary begins receiving a portion of the amount previously paid to the retirant.

 

(3)A survivor benefit is adjusted as the result of adding or removing survivor dependents.

 

(4)A retirant receiving under plan A, C, or D reverts to plan B as a result of the death of the beneficiary spouse, or divorce or dissolution of marriage as authorized in section 145.46 of the Revised Code and rule 145-2-47 of the Administrative Code.

 

(5)The benefit established at retirement is recalculated for any reason except for either a cost of living adjustment or reimbursement of premium for medicare part "B."

 

(6)A part of a benefit is waived then the base shall be the portion being paid. If a waiver is withdrawn the full base shall be re-established.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

145-2-53                                                                                                                                2

Replaces:	145-19-07.
Effective:	01/01/2003
R.C. 119.032 review dates:	09/29/2006

CERTIFIED ELECTRONICALLY

Certification

12/20/2002

Date

Promulgated Under:   111.15

Statutory Authority:   145.09.

Rule Amplifies:           145.323.

Prior Effective Dates: 3/22/02, 10/7/01, 1/31/98,

8/6/90, 10/11/88, 8/20/76.